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Gold reaches all-time high as US rate cuts and election uncertainty drive demand

Posted by Able on October 17, 2024

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Gold prices soared to a record high amid expectations of US Federal Reserve rate cuts and uncertainty surrounding the presidential election, with spot gold reaching $2,678.13 per ounce.

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

Big Daddy LIC manages money nearly double the size of Pakistan's economy

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NSE cautions investors against entity offering guaranteed returns

The National Stock Exchange (NSE) on Friday cautioned investors against an entity offering guaranteed returns on investment in the stock market. The statement came after the exchange noticed that an authorised person of its registered stock broker was offering guaranteed returns and was collecting commission on such assured returns from investors.

Gold reaches all-time high as US rate cuts and election uncertainty drive demand

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